Sunday, January 12, 2025

Solar energy installations are soaring, but we need to make sure all households can reap the benefits

Soaring energy bills and sunny weather have driven solar power installations to a seven-year high. More than 500 megawatts of capacity came online during the first half of 2022, levels not seen since huge subsidy cuts in 2016.Most of this growth is playing out on the rooftops of the nation’s homes, as families act to reduce both carbon footprints and energy bills, which are now forecast to top £3,000 this winter: roughly tripling inside two years.With solar panel costs down 60 per cent since 2010 – high reliability and consumer satisfaction, and panels only taking a couple of days to install – it is easy to see why demand is increasing.A standard solar installation can reduce energy bills by a sixth, or in the region of £500 per year based on estimations for this winter. Add on expectations that a household can make £100 to £200 per year for exporting power to the grid and…

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